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Tag Archive: India

Indian Court Challenges Portion Of Diageo’s USL Deal

More than a quarter of Diageo’s current 26% controlling stake in Indian spirits giant United Spirits Limited (USL) has been challenged by an Indian appeals court, which says that a portion of the shares sold to Diageo by former USL parent United Breweries Holdings Limited (UBHL) are in fact owed to UBHL creditors. Continue reading →

Posted in News on December 23, 2013

News Briefs for July 12, 2013

Darden Restaurants has named Salli Setta president of its Red Lobster brand. Continue reading →

Posted in News on July 12, 2013

Diageo Officially Ups USL Stake To 25%, Takes Control Of Indian Spirits Giant

Diageo has completed the final phase of its multi-part deal to become the largest shareholder in India’s United Spirits Ltd. (USL), adding 14.98% over the weekend from a share purchase agreement with Vijay Mallya’s UBHL to bring its holding in the company to 25.02%. Continue reading →

Posted in News on July 8, 2013

Diageo Acquires Additional 10% Stake In USL

Diageo, which last year agreed to acquire control of India’s United Spirits Ltd. (USL), formally took an additional 10% stake in the Indian spirits giant yesterday. Continue reading →

Posted in News on May 28, 2013

Diageo-USL Deal Held Up By Regulators

Regulatory hurdles will postpone Diageo’s open offer for an additional 26% stake in India’s United Spirits Ltd. (USL), according to multiple reports. Continue reading →

Posted in News on January 7, 2013

With Deal For Control Of USL, Diageo Becomes Force In India

With this morning’s news that Diageo is taking up to a 53% stake in India’s United Spirits Limited for around $2 billion, Diageo is poised to vastly increase its influence in one key emerging market where archrival Pernod Ricard has long held a sizeable advantage. Continue reading →

Posted in News on November 9, 2012

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